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7776 Results

December 9, 2020

Interest Rate Announcement

10:00 (ET)
On eight scheduled dates each year, the Bank of Canada issues a press release announcing its decision for the overnight rate target, together with a short explanation of the factors influencing the decision.

Content Type(s): Upcoming events

The Determinants of Consumers’ Inflation Expectations: Evidence from the US and Canada

Staff Working Paper 2020-52 Charles Bellemare, Rolande Kpekou Tossou, Kevin Moran
We compare the determinants of consumer inflation expectations in the US and Canada by analyzing two current surveys. We find that Canadian consumers rely more on professional forecasts and the history of actual inflation when forming their expectations, while US consumers rely more on their own lagged expectations.